2015-10-15T15:13:50-05:00 2014-11-30 131655065 LUTZ AND CARR CPAS LLP 300 EAST 42ND STREET NEW YORK NY 10017 990 2013-12-01 134081729 THE PARIS REVIEW FOUNDATION INC PARI 2123431333 544 WEST 27TH STREET - 3RD FLOOR NEW YORK NY 10001 ROBERT TERRY MCDONELL PRESIDENT 2123431333 2015-10-15 1 DONALD SHAEFITZ P00449034 2126972299 2013 2016-02-25 16:41:14Z ROBERT TERRY MCDONELL 544 WEST 27TH STREET - 3RD FLOOR NEW YORK NY 10001 2275500 0 X WWW.THEPARISREVIEW.ORG X 1999 DE THE MISSION OF THE ORGANIZATION IS TO FOSTER THE DEVELOPMENT OF CREATIVE INDIVIDUALS AS WRITERS AND ARTISTS AND TO PROMOTE PUBLIC APPRECIATION OF EXCELLENCE IN THE LITERARY AND GRAPHIC ARTS, BY PUBLISHING A MAGAZINE CONTAINING FICTION, POETRY, ESSAYS, REPRODUCTIONS OF GRAPHIC ART, AND INTERVIEWS WITH WRITERS AND ARTISTS REGARDING THEIR WORK, BY PUBLISHING AND FOSTERING THE PUBLICATION OF COLLECTIONS OF SUCH WORKS, BY FOSTERING THE PUBLICATION OF LITERARY AND GRAPHIC WORKS AS BOOKS, FILMS OR OTHER FORMS, AND BY OTHER ACTIVITIES THAT FURTHER THESE GOALS. 19 19 10 30 204231 -35532 932085 864433 954975 1043507 75059 142583 14452 17397 1976571 2067920 0 0 0 0 645108 755300 7845 0 186449 890975 986733 1543928 1742033 432643 325887 5803471 6235025 417209 437941 5386262 5797084 X THE MISSION OF THE ORGANIZATION IS TO FOSTER THE DEVELOPMENT OF CREATIVE INDIVIDUALS AS WRITERS AND ARTISTS AND TO PROMOTE PUBLIC APPRECIATION OF EXCELLENCE IN THE LITERARY AND GRAPHIC ARTS BY PUBLISHING A MAGAZINE CONTAINING FICTION, POETRY, ESSAYS, REPRODUCTIONS OF GRAPHIC ART, AND INTERVIEWS WITH WRITERS AND ARTISTS REGARDING THEIR WORK, BY PUBLISHING AND FOSTERING THE PUBLICATION OF COLLECTIONS OF SUCH WORKS, BY FOSTERING THE PUBLICATION OF LITERARY AND GRAPHIC WORKS AS BOOKS, FILMS OR OTHER FORMS, AND BY OTHER ACTIVITIES THAT FURTHER THESE GOALS. 0 0 1119528 811119 PUBLICATION OF THE PARIS REVIEW:IN FISCAL 2014, THE MOST SIGNIFICANT ACTIVITY OF THE PARIS REVIEW FOUNDATION WAS THE PUBLICATION OF FOUR ISSUES OF THE PARIS REVIEW, EACH OF WHICH REACHED AN AVERAGE OF 18,500 SUBSCRIBERS AND PURCHASERS OF SINGLE ISSUES. THE FOUR ISSUES PUBLISHED IN FISCAL 2014 INCLUDED THE PARIS REVIEW NO. 207, THE PARIS REVIEW NO. 208, THE PARIS REVIEW NO. 209, AND THE PARIS REVIEW NO. 210. EACH ISSUE OF THE MAGAZINE PUBLISHED DURING FISCAL 2014 INCLUDES A COMBINATION OF FICTION, POETRY, NONFICTION, VISUAL ART, AND INTERVIEWS WITH PROMINENT WRITERS. THE PARIS REVIEW NO. 207 FEATURED FICTION BY OTTESSA MOSHFEGH, JENNY OFFILL, J.D. DANIELS, NELL FREUDENBERGER, RACHEL CUSK, LYDIA DAVIS, AND BEN JAHN, WINNER OF THE NPR THREE-MINUTE FICTION CONTEST; INTERVIEWS WITH NONFICTION WRITER GEOFF DYER AND FICTION WRITER EDWARD P. JONES; POETRY BY KEVIN PRUFER, SUSAN STEWART, HILDA HILST, CHARLIE SMITH, MONICA YOUN, SYLVIE BAUMGARTEL, EMILY MOORE, AND LINDA PASTAN; AND A VISUAL ART PORTFOLIO OF PHOTOGRAPHS BY CHUCK CLOSE.THE PARIS REVIEW NO. 208 FEATURED FICTION BY LUKE MOGELSON, BEN LERNER, ZADIE SMITH, RACHEL CUSK, AND BILL COTTER; INTERVIEWS WITH NONFICTION WRITER ADAM PHILLIPS AND SCREENWRITER MATTHEW WEINER; POETRY BY DOROTHEA LASKY, FREDERICK SEIDEL, JOHN ASHBERY, GEOFFREY G. O'BRIEN, CAROL MUSKE-DUKES, AND NICK LAIRD; A VISUAL ART PORTFOLIO OF A SELECTION OF FRANCESCA WOODMAN'S EARLY PHOTOGRAPHS; AND A DOCUMENTATION OF A CONVERSATION WITH WRITER EVAN CONNELL ALONGSIDE A SELECTION OF HIS NOTEBOOKS, SCRAPBOOKS, AND PHOTOGRAPHS, CURATED BY GEMMA SIEFF. THE PARIS REVIEW NO. 209 FEATURED FICTION BY J.D. DANIELS, OTTESSA MOSHFEGH, RACHEL CUSK, ZADIE SMITH, SHELLY ORIA, AND GARTH GREENWELL; INTERVIEWS WITH FICTION WRITER JOY WILLIAMS AND POET HENRI COLE; POETRY BY CHARLES SIMIC, NICK LAIRD, ANGE MLINKO, ROWAN RICARDO PHILLIPS, ADAM KIRSCH, THOMAS SAYERS ELLIS, HENRI COLE, JANE HIRSHFIELD, AND LES MURRAY; A VISUAL ART PORTFOLIO OF DRAWINGS BY RAYMOND PETTIBON; AND NONFICTION BY ANDREA BARRETT.THE PARIS REVIEW NO. 210 FEATURED FICTION BY DAVID GATES, RACHEL CUSK, ATTICUS LISH, AND ALEJANDRO ZAMBRA; INTERVIEWS WITH FICTION WRITER AHARON APPELFELD, FICTION WRITER HERTA MULLER, AND CARTOONIST CHRIS WARE; POETRY BY KAREN SOLIE, STEPHEN DUNN, MAUREEN N. MCLANE, DEVIN JOHNSTON, BEN LERNER, FREDERICK SEIDEL, LINDA PASTAN, AND BRENDA SHAUGHNESSY; NONFICTION BY DAVID SEARCY; AND A SELECTION OF LETTERS EXCHANGED BETWEEN GEORGE PLIMPTON AND TERRY SOUTHERN.PUBLISHING POETS, AUTHORS AND ARTISTS, AND DISTRIBUTING THEIR WORK FOSTERS THE PARIS REVIEW FOUNDATION'S EXEMPT PURPOSES, NAMELY THE DEVELOPMENT OF INDIVIDUALS AS WRITERS AND ARTISTS AND THE PROMOTION OF PUBLIC APPRECIATION OF EXCELLENCE IN THE LITERARY AND GRAPHIC ARTS. 242749 WEB ACTIVITIES:ON SEPTEMBER 15, 2010, THE PARIS REVIEW FOUNDATION RELAUNCHED ITS WEB SITE. THE HIGHLIGHTS OF THE WEB SITE ARE FREE ONLINE ACCESS TO THE ENTIRE ARCHIVES OF THE PARIS REVIEW INTERVIEWS AND A BLOG, THE DAILY, AS WELL AS AN ONLINE STORE WHERE WE ADVERTISE AND SELL SUBSCRIPTIONS, BACK ISSUES AND MERCHANDISE. SINCE DECEMBER 1, 2013, THROUGH THE END OF FISCAL 2014, THE SITE OVERALL RECEIVED 10,496,475 PAGEVIEWS AND 4,166,320 UNIQUE VISITORS, WHILE THE DAILY RECEIVED 4,594,096 PAGEVIEWS AND 3,384,569 UNIQUE VISITORS. THE DAILY IS UPDATED FOUR TO FIVE TIMES A DAY. FISCAL 2014 CONTRIBUTORS TO THE DAILY HAVE INCLUDED PARIS REVIEW STAFF MEMBERS, AS WELL AS POETS, AUTHORS, ACTORS AND VISUAL ARTISTS, SUCH AS DAVID CRONENBERG, CYNTHIA OZICK, HANS-ULRICH OBRIST, JENNY ERPENBECK, PETER COLE, KARL OVE KNAUSGAARD, ARAM SAROYAN, DAVID MAMET, ANN BEATTIE AND LEWIS LAPHAM, AMONG MANY OTHERS. THE PARIS REVIEW IS A MEMBER OF SEVERAL SOCIAL MEDIA PLATFORMS, INCLUDING TWITTER, TUMBLR, FACEBOOK, PINTEREST, INSTAGRAM, VINE, VIMEO AND YOU-TUBE. AS OF THE END OF FISCAL 2014, THE PARIS REVIEW HAD OVER 413,605 FOLLOWERS ON TWITTER, OVER 200,000 FOLLOWERS ON TUMBLR, AND OVER 271,000 FANS ON FACEBOOK. THE TWITTER ACCOUNT (@PARISREVIEW) IS USED TO FEATURE QUOTES FROM INTERVIEWS IN PARIS REVIEW BACK ISSUES, LINK TO PARIS REVIEW BLOG ARTICLES, ADVERTISE EVENTS AND ONLINE STORE SPECIALS, AND DISTRIBUTE OTHER RELATED NEWS. THE FACEBOOK ACCOUNT (FACEBOOK.COM/PARISREVIEW) MIRRORS THESE TWEETS DIRECTLY, AND THE TUMBLR ACCOUNT (THEPARISREVIEW.TUMBLR.COM) POSTS SIMILAR INFORMATION, BUT IN AN EXTENDED FORMAT TO INCLUDE PHOTOS, MEDIA, AND LONGER TEXT. THE VIMEO AND YOU-TUBE ACCOUNTS (VIMEO.COM/THEPARISREVIEW AND YOUTUBE.COM/THEPARISREVIEWABLE) ARE USED TO HOST VIDEOS THAT ARE POSTED TO THE PARIS REVIEW BLOG, THE DAILY. VIDEO CONTENT INCLUDES PROMOTIONAL VIDEOS FOR ISSUES AND VIDEOS THAT ARE RELATED TO BLOG CONTENT. ADDITIONALLY, THE PARIS REVIEW PRODUCES E-MAIL NEWSLETTERS (DISTRIBUTED THROUGH MAILCHIMP) TO SEND MONTHLY ANNOUNCEMENTS TO OUR PRINT AND NEWSLETTER SUBSCRIBERS. THE PARIS REVIEW'S WEB ACTIVITIES FURTHER FOSTER THE PARIS REVIEW FOUNDATION'S EXEMPT PURPOSES, AS DESCRIBED ABOVE. THEY ALSO OFFER AN OPPORTUNITY TO ATTRACT NEW SUBSCRIBERS AND POTENTIAL DONORS TO THE PARIS REVIEW. 1362277 1 1 0 0 0 0 0 0 0 1 1 1 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 45 0 1 10 1 1 1 0 0 0 0 1 1 0 0 0 0 X 19 19 0 0 1 0 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 0 NY DE X FINANCE MANAGER 2123431333 544 WEST 27TH STREET-3RD FLOOR NEW YORK NY 10001 ROBERT TERRY MCDONELL PRESIDENT 1.00 X X 0 0 0 WILLIAM B BEEKMAN SECRETARY 1.00 X 0 0 0 LAWRENCE H GUFFEY TREASURER 1.00 X X 0 0 0 ROBERT SCOTT ASEN BOARD MEMBER 1.00 X 0 0 0 CLARA BINGHAM BOARD MEMBER 1.00 X 0 0 0 JEFFREY EUGENIDES BOARD MEMBER 1.00 X 0 0 0 STEPHEN GAGHAN BOARD MEMBER 1.00 X 0 0 0 JONATHAN GALASSI BOARD MEMBER 1.00 X 0 0 0 MALA GAONKAR BOARD MEMBER 1.00 X 0 0 0 JAMES C GOODALE BOARD MEMBER 1.00 X 0 0 0 DRUE HEINZ BOARD MEMBER 1.00 X 0 0 0 BOKARA LEGENDRE BOARD MEMBER 1.00 X 0 0 0 PETER MATTHIESSEN DIRECTOR EMERITUS 1.00 X 0 0 0 JEANNE MCCULLOCH BOARD MEMBER 1.00 X 0 0 0 SANDY GOTHAM MEEHAN BOARD MEMBER 1.00 X 0 0 0 SARAH D PLIMPTON BOARD MEMBER 1.00 X 0 0 0 ROBERT SILVERS BOARD MEMBER 1.00 X 0 0 0 MONA SIMPSON BOARD MEMBER 1.00 X 0 0 0 ROSE STYRON BOARD MEMBER 1.00 X 0 0 0 LIZA WACHTER BOARD MEMBER 1.00 X 0 0 0 ANTONIO WEISS BOARD MEMBER 1.00 X 0 0 0 LORIN STEIN EDITOR 40.00 X 158172 0 5440 158172 0 5440 1 0 1 0 THE SHERIDAN PRESS 450 FAME AVENUE HANOVER PA 17331 PRINTING, SHIPPING, AND STORAGE 255301 1 669222 45000 150211 30109 864433 PUBLICATION INCOME 511120 687075 687075 ADVERTISING INCOME 541800 204231 204231 ELECTRONIC LICENSES 511120 75000 75000 ROYALTIES INCOME 511120 45554 45554 MERCHANDISE SALES 511120 27318 27318 4329 4329 1043507 142595 142595 25082 25094 -12 -12 -12 182486 669222 182486 0 MISCELLANEOUS 900099 17397 17397 17397 2067920 811119 204231 188137 173506 156155 17351 441200 301390 77174 62636 96277 71856 8237 16184 44317 33452 3582 7283 21627 21627 57300 51765 5535 292751 285297 4499 2955 27367 27367 8097 8097 129591 98187 15476 15928 35102 29210 5892 45211 33587 5728 5896 13013 9668 1648 1697 WRITERS, POETS, AND ART 127180 127180 FULFILLMENT 94460 72972 21488 DESIGN AND PRODUCTION 41384 41384 INDIRECT BENEFIT EXPENS 31938 31938 61712 14710 27956 19046 1742033 1362277 193307 186449 171135 88414 151500 291873 22400 45000 129617 92378 135392 110577 247429 148799 57441 98630 4917653 5289820 218333 218333 5803471 6235025 33240 25635 383969 412306 417209 437941 X 2584875 2936816 502440 561321 2298947 2298947 5386262 5797084 5803471 6235025 325887 84935 0 X 0 1 X 1 0 X 855849 702016 937659 932085 864433 4292042 855849 702016 937659 932085 864433 4292042 1461581 2830461 20747 32824 37953 71969 142595 306088 15051 22594 25862 14452 17397 95356 4693486 4227848 0.60310 0.61080 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3426021 156603 5000 3577624 2531344 209169 685508 3426021 2320878 210466 2531344 2348239 -27361 2320878 1932030 588098 66307 105582 2348239 0.20080 0.64260 0.15660 0 0 42365 13416 28949 11474 11407 67 193590 123976 69614 98630 MUTUAL FUNDS 4248156 F U.S. TREASURY MONEY MARKET FUND 929224 F EQUITIES 112440 F 5289820 X 2152855 84935 84935 2067920 0 2067920 1742033 0 1742033 0 1742033 PART V, LINE 4: THE FOUNDATION'S ENDOWMENT FUNDS ARE USED TO SUPPORT THE FOUNDATION'S OPERATIONS. PART X, LINE 2: THE PARIS REVIEW FOUNDATION, INC. IS A NOT-FOR-PROFIT CORPORATION EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND HAS BEEN DESIGNATED AS AN ORGANIZATION WHICH IS NOT A PRIVATE FOUNDATION. THE FOUNDATION IS SUBJECT TO FEDERAL AND STATE INCOME TAXES ON ANY NET INCOME DERIVED BY ADVERTISING REVENUE, A BUSINESS ACTIVITY WHICH IS REGULARLY CONDUCTED AND IS, BY STATUTE, UNRELATED TO ITS EXEMPT PURPOSE. MANAGEMENT BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN AND DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. REVEL GALA 851708 669222 182486 165383 17103 851708 669222 182486 165383 17103 182486 0 1 PLIMPTON PRIZE 1 10000 TERRY SOUTHERN PRIZE FOR HUMOR 1 5000 PART I, LINE 2: THE PLIMPTON PRIZE IS GIVEN TO AN EMERGING OR PREVIOUSLY UNPUBLISHED WRITER PUBLISHED IN THE PARIS REVIEW. THE EDITORIAL STAFF OF THE PARIS REVIEW GATHERS THE STORIES WRITTEN BY THESE NEW VOICES FROM A YEAR OF ISSUES (TYPICALLY SUMMER THROUGH SPRING) AND PRESENTS THEM TO THE EDITORIAL BOARD, WHICH SELECTS THE WINNER. THE TERRY SOUTHERN PRIZE IS GIVEN TO A WRITER FOR THE BEST PIECE OF HUMOR WRITING, PUBLISHED IN THE PARIS REVIEW OR ONLINE, ON THE PARIS REVIEW, "DAILY." THE EDITORIAL STAFF OF THE PARIS REVIEW GATHERS STORIES AND NON-FICTION PIECES FROM A YEAR OF ISSUES (TYPICALLY SUMMER THROUGH SPRING) AND A YEAR OF BLOG POSTS, AND PRESENTS THEM TO THE EDITORIAL BOARD, WHICH SELECTS THE WINNER. X X X 0 0 0 0 0 0 0 0 0 LORIN STEIN EDITOR 155672 0 2500 0 0 0 0 0 5440 0 163612 0 0 0 X 3 30109 FMV 0 0 0 FORM 990, PART VI, SECTION A, LINE 4 THE ORGANIZATION INCREASED THE NUMBER OF MEMBERS AND DIRECTORS TO 19 EACH IN FISCAL YEAR 2014. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS MEMBERS AND SUCH MEMBERS ARE NOT DIVIDED INTO CLASSES. THEY HAVE THE RIGHT TO ELECT DIRECTORS, AMEND BY-LAWS, AND TAKE ALL SUCH OTHER ACTS THAT MEMBERS ARE ENTITLED TO TAKE UNDER DELAWARE LAW. FORM 990, PART VI, SECTION A, LINE 7A THE ORGANIZATION HAS MEMBERS, AND SUCH MEMBERS ARE NOT DIVIDED INTO CLASSES. THEY HAVE THE RIGHT TO ELECT DIRECTORS, AMEND BY-LAWS, AND TAKE ALL SUCH OTHER ACTS THAT MEMBERS ARE ENTITLED TO TAKE UNDER DELAWARE LAW. FORM 990, PART VI, SECTION A, LINE 7B THE MEMBERS HAVE THE RIGHT TO ELECT OR REMOVE DIRECTORS, INCREASE OR DECREASE THE SIZE OF THE BOARD OF DIRECTORS, FILL VACANCIES ON THE BOARD OF DIRECTORS AND AMEND THE BY-LAWS OF THE PARIS REVIEW. IN ADDITION, THE MEMBERS HAVE THE POWER TO TAKE OTHER ACTIONS THAT MEMBERS ARE ENTITLED TO TAKE UNDER DELAWARE LAW OR UNDER THE BY-LAWS OF THE PARIS REVIEW. THE MEMBERS ACT BY THE VOTE OF A MAJORITY OF THE MEMBERS, UNLESS OTHERWISE REQUIRED BY LAW. THE MEMBERS CAN ACT BY WRITTEN CONSENT OF A MAJORITY OF THE MEMBERS UNLESS OTHERWISE REQUIRED BY LAW. FORM 990, PART VI, SECTION A, LINE 8B THERE ARE NO COMMITTEES WITH THE AUTHORITY TO ACT ON THE BEHALF OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 11 THE MEMBERS OF THE BOARD OF DIRECTORS REVIEW AND APPROVE THE 990, AND THE CHAIRMAN OF THE FINANCE COMMITTEE REVIEWS AND APPROVES ALL FINANCIAL RESULTS BEFORE SIGNING. FORM 990, PART VI, SECTION B, LINE 12C AT THE EARLIEST PRACTICABLE TIME AFTER BECOMING AWARE OF AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST ON HIS OR HER OWN PART OR ON THE PART OF A FAMILY MEMBER, EVERY MEMBER OF THE BOARD OF DIRECTORS AND EACH KEY EMPLOYEE MUST DISCLOSE THE EXISTENCE OF THE INTEREST THAT COULD GIVE RISE TO A CONFLICT OF INTEREST. IF THE BOARD OF DIRECTORS OR A COMMITTEE HAS REASONABLE CAUSE TO BELIEVE THAT A COVERED PERSON HAS FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, IT MUST INFORM THAT PERSON OF THE BASIS FOR SUCH BELIEF AND AFFORD THAT PERSON AN OPPORTUNITY TO EXPLAIN THE ALLEGED FAILURE TO DISCLOSE. IF, AFTER HEARING THE PERSON'S RESPONSE AND AFTER MAKING FURTHER INVESTIGATION AS WARRANTED BY THE CIRCUMSTANCES, THE BOARD OF DIRECTORS OR COMMITTEE DETERMINES THE MEMBER HAS FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, IT MUST TAKE APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION. AFTER A COVERED PERSON DISCLOSES HIS OR HER INTEREST, HE OR SHE MAY PRESENT AND DISCUSS THE INTEREST, BUT MUST LEAVE THE MEETING OF THE BOARD OR COMMITTEE DURING DELIBERATION AND VOTING. THE POTENTIAL CONFLICT IS REVIEWED BY THE FULL BOARD OF DIRECTORS OR, IF THE TRANSACTION IS UNDER CONSIDERATION BY A COMMITTEE WITH BOARD-DELEGATED POWERS, BY SUCH COMMITTEE. SEVENTY FIVE PERCENT OF ALL DISINTERESTED DIRECTORS ENTITLED TO VOTE ON THE BOARD OR AS PART OF THE BOARD-DELEGATED COMMITTEE, RESPECTIVELY, MUST DETERMINE THAT NO CONFLICT EXISTS IN ORDER FOR THE CONFLICT TO BE CLEARED. IF A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT IS NOT REASONABLY POSSIBLE UNDER CIRCUMSTANCES NOT PRODUCING A CONFLICT OF INTEREST, 75% OF THE DISINTERESTED DIRECTORS OR COMMITTEE MEMBERS ENTITLED TO VOTE MUST DETERMINE THAT THE TRANSACTION OR ARRANGEMENT IS IN THE ORGANIZATION'S BEST INTEREST, FOR ITS OWN BENEFIT, AND THAT IT IS FAIR AND REASONABLE. BEGINNING IN FISCAL 2010, EVERY MEMBER OF THE BOARD OF DIRECTORS AND THE EDITOR IN CHIEF IS REQUIRED TO COMPLETE A YEARLY QUESTIONNAIRE DOCUMENTING ORGANIZATIONS IN WHICH HE OR SHE HAS A MATERIAL INTEREST, A CONTROLLING POSITION, OR OF WHICH HE OR SHE IS A DIRECTOR OR OFFICER, AND DISCLOSING WHETHER HE OR SHE HAS ANY MATERIAL INTEREST, DIRECT OR INDIRECT, IN ANY TRANSACTION TO WHICH THE ORGANIZATION WAS OR WILL BE A PARTY. FORM 990, PART VI, SECTION B, LINE 15A THE COMPENSATION OF THE EDITOR-IN-CHIEF WAS REVIEWED BY THE BOARD OF DIRECTORS AT A SEARCH COMMITTEE MEETING OF THE BOARD OF DIRECTORS IN 2010, USING COMPARABLE SALARY AND BENEFITS INFORMATION FOR LITERARY AND OTHER NONPROFIT ORGANIZATIONS OF COMPARABLE SIZE AND/OR ORGANIZATIONAL SCOPE. WHEN THE EDITOR-IN-CHIEF'S EMPLOYMENT CONTRACT WAS RENEGOTIATED IN APRIL 2012, THE BOARD OF DIRECTORS CONSIDERED, AND ULTIMATELY AGREED TO PROVIDE, A COST-OF-LIVING INCREASE IN THE SALARY SET BY THE BOARD OF DIRECTORS IN 2010. WHEN THE EDITOR-IN-CHIEF'S EMPLOYMENT CONTRACT WAS AGAIN RENEGOTIATED IN 2014, IN LIGHT OF HIS PERFORMANCE IN HIS ROLE AND WITH REFERENCE TO COMPARABLE SALARY AND BENEFITS INFORMATION FOR LITERARY AND OTHER NONPROFIT ORGANIZATIONS OF COMPARABLE SIZE AND/OR ORGANIZATIONAL SCOPE, THE BOARD OF DIRECTORS CONSIDERED, AND ULTIMATELY AGREED TO PROVIDE, AN INCREASE IN THE EDITOR-IN-CHIEF'S SALARY SET BY THE BOARD OF DIRECTORS IN 2012. FORM 990, PART VI, SECTION C, LINE 19 THESE DOCUMENTS ARE MADE AVAILABLE UPON REQUEST.